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Descriptions:
Investment Opportunity in Prime Allendale Location! This rental is turnkey! Fantastic suited bungalow with excellent tenants already in place--perfect for investors looking for steady rental income in one of Edmonton's most sought-after central neighbourhoods. This well-maintained property offers 5 bedrooms total (3 up, 2 down) and two self-contained suites, making it ideal for maximizing rental potential. The home sits at the crossroads of the city, offering exceptional accessibility to the University of Alberta, Whyte Ave, downtown, and major transit routes. Numerous updates have been completed over the years, and the home has been very well cared for by both owners and tenants. A large detached garage with alley access adds extra rental appeal and storage options. Currently generates just shy of 30k with a cap rate of 4.5%. Zoned RF3 for future potential and surrounded by redevelopment--this is a smart long-term hold with great current returns. Don't miss your chance to invest in Allendale!
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| Includes: |
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Dishwasher-Built-In, Garage Opener, Dryer-Two, Refrigerators-Two, Stoves-Two, Washers-Two |
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| Site Influences: |
| Back Lane, Fenced, Public Transportation, Shopping Nearby |
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| Legal Description: |
| ACCESS Legal Description |
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| Location & Listing Info: |
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| Lot Shape: |
Rectangular |
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| Property Info: |
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| Property Type: |
Detached Single Family |
| Home Style: |
Bungalow |
| Year Built: |
1950 |
| Total Floor Area: |
1,005 sq. ft. |
| Front Exposure: |
South
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| Exterior: |
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| Exterior: |
Back Lane, Fenced, Public Transportation, Shopping Nearby |
| Front Exposure: |
South |
| Roof: |
Asphalt Shingles |
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| Rooms: |
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| Total Bedrooms: |
5
(Bedrooms Above: 3)
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| Bathrooms: |
Full: 2
/ Half: 0
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| Rooms Above: |
6 |
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| Additional Info: |
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| Heating: |
Y |
| Basement: |
Full, Finished |
| Basement Type: |
Full, Finished |
| Floor Finish: |
Ceramic Tile, Laminate Flooring, Vinyl Plank |
| Parking: |
Double Garage Detached |
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Contact MAX BORRELLI -
11058-51 AV, Edmonton, Alberta, T6H 0L4
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Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data was last updated October 14, 2025, 12:38 am. |
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The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton.
MLS®, Multiple Listing Service®, and the associated logos are all registered certification marks owned by CREA and are used to identify real estate services provided by brokers and salespersons who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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